Speculation and the Chicago Board of Trade

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Macmillan, 1920 - 277 páginas

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Página 102 - ... be designated by law, which statement shall correctly set forth the amount and grade of each and every kind of grain in such warehouse, together with such other property as may be stored therein, and what warehouse receipts have been issued, and are, at the time of making such statement, outstanding therefor; and shall...
Página 14 - ... to promote uniformity in the customs and usages of merchants; to inculcate principles of justice and equity in trade; to facilitate the speedy adjustment of business disputes ; to acquire and to disseminate valuable commercial and economic information; and generally to secure to its members the benefits of cooperation in the furtherance of their legitimate pursuits.
Página 101 - All elevators or storehouses where grain or other property is stored for a compensation, whether the property stored be kept separate or not, are "declared to be public warehouses.
Página 103 - It shall be the duty of the General Assembly to pass all necessary laws to prevent the issue of false and fraudulent warehouse receipts, and to give full effect to this Article of the Constitution, which shall be liberally construed so as to protect producers and shippers.
Página 144 - ... of no use. According to the story, he knew by his skill in the stars while it was yet winter that there would be a great harvest of olives in the coming year: so. having a little money, he gave deposits for the use of all the olive-presses in Chios and Miletus, which he hired at a low price because no one bid against him.
Página 101 - ... inhabitants, shall make weekly statements under oath, before some officer to be designated by law, and keep the same posted in some conspicuous place in the office of such warehouse, and shall also file a copy for public examination in such place as shall be designated by law...
Página 83 - It seems to us an extraordinary and unlikely proposition that the dealings which give its character to the great market for future sales in this country are to be regarded as mere wagers or as "pretended...
Página 118 - I never saw a busier place than Chicago was at the time of our arrival. The streets were crowded with land speculators, hurrying from one sale to another. A negro, dressed up in scarlet, bearing a scarlet flag, and riding a white horse with housings of scarlet, announced the times of sale. At every streetcorner where he stopped, the crowd flocked round him; and it seemed as if some prevalent mania infected the whole people.
Página 228 - That the provisions of this Act shall cease to be in effect when the existing state of war between the United States and Germany shall have terminated, and the fact and date of such termination shall be ascertained and proclaimed by the President...
Página 102 - ... daily such changes as may be made in the quantity and grade of grain in such warehouse; and the different grades of grain shipped in separate lots, shall not be mixed with inferior or superior grades without the consent of the owner or consignee thereof. § 3- The owners of property stored in any warehouse, or holder of a receipt for the same, shall always be at liberty to examine such property stored, and all the books and records of the warehouse, in regard to such property.

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